Good morning. Nintendo may have struck Pokémon gold but it still needs a few more hits. What keeps ultra-low-cost airlines out of the Canadian market. And welcome to the upside-down global economy where savers are penalized and borrowers get paid. These stories and more in your morning cheat sheet to the Financial Post.

1. What’s next for Nintendo following Pokémon Go’s success

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The first Pokémon game in 1996 was released on Game Boy, beginning Nintendo Co. Ltd.’s run as the exclusive platform for a best-selling, multi-billion-dollar series and its reign as the dominant force in gaming hardware, Damon van der Linde reports.

But the Japan-based company steadily lost ground as new platforms and developers saturated the market and took advantage of smartphones, rather than dedicated gaming consoles, to reach more consumers. Now, as a video game company that’s struggled to create innovative hardware, Nintendo finds itself associated with the runaway smartphone hit Pokémon Go.

The game’s release on July 8 has sent Nintendo’s stock in Tokyo up 86 per cent to ¥27,780 ($339.01), adding more than US$17 billion to the company’s market capitalization in the process. Pokémon Go was designed by Google spinout Niantic Inc. but is co-owned by Nintendo, which also has a 33 per cent stake in The Pokémon Co.

To keep its newfound momentum alive, Nintendo will likely have to dip into its back catalogue and adapt franchises such as Super Mario Bros. and Zelda for smartphones.

2. Why Canada doesn’t have a super-cheap airline

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Canadians love to gripe about the high cost of air travel in this country, and no wonder: Canada is the only major air market in the world without an ultra-low-cost airline, Kristine Owram reports.

As the founders of Jetsgo, Roots Air, Greyhound Air and many other failed carriers can attest, Canada is a notoriously difficult place to start an airline for many reasons, including its sparse population, high taxes and fees, and restrictions on foreign ownership.

It’s the latter that’s keeping one of the world’s most influential investors in low-cost airlines away from Canada, even though he believes it’s a prime market for an ultra-low-cost carrier.

Bill Franke, co-founder and managing partner of Indigo Partners LLC, a private equity and venture capital firm that invests in air transportation, said Canada’s limits on foreign ownership are a “turnoff” and he wouldn’t consider investing here until those restrictions are eased.

3. Meanwhile, U.K. aerospace puts a brave face on Brexit

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With UK factories working at full tilt to meet bumper demand for airplanes, aerospace executives have been quick to brush aside fears of any imminent threat from Britain’s exit from the European Union, Sarah Young reports.

The industry is locked into production cycles that can take up to three decades to play out, big customers like Boeing have rallied to support local suppliers and more work is coming Britain’s way as the U.S. aerospace giant and its European rival Airbus ramp up output.

That means it could be years before any real impact of the UK’s divorce from the European Union becomes clear. For now, many of those attending the Farnborough Airshow last week said they were drawing up lists of what was needed as Britain rethinks its trading relationships.

“We will simply get on with it,” said Warren East, the chief executive of Britain’s biggest aerospace company Rolls-Royce.

4. The upside-down global economy

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Japanese families seem to have a sudden affinity for home safes. According to the Tokyo-based manufacturer Eiko, shipments have doubled since last fall. And in Germany, insurer Munich Re has stashed some 10 million euros (US$11.4 million) worth of its own cash into vaults, Simon Kennedy reports.

Why the squirreling? One possible reason is the creeping imposition of negative interest rates across the world, which could make it more rewarding to bypass banks — and a safe or vault is, well, more secure than a mattress.

Welcome to the upside-down world of modern monetary policy. In this new reality, borrowers get paid and savers penalized. Almost 500 million people in a quarter of the global economy now live in countries where interest rates measure less than zero.

5. BMO’s smartphone accounts

In one of the latest bank products and services aimed at capitalizing on people’s love affairs with their smartphones, Bank of Montreal is offering a way to open an account with one of the devices that requires no visit to a branch, Barbara Shecter reports.

The accounts can be opened “in minutes” using a smartphone, according to BMO.

“Mobile is increasingly important for customers to address their banking needs, and this service is another way we’re using our digital capabilities to empower our customers and simplify their lives,” said Niti Badarinath, head of North American channels at BMO.

The Canadian bank says it is offering a “first-of-its-kind” service that allows customers to quickly search, select and open a new account using their phone and an interface on the company’s website.